The Global Resident | Relocation to Andorra, Portugal, and Spain
Lifestyle & Living, Market Watch
As restrictions begin to lift all around the world, people are looking closely for investment opportunities. Placing their quality of life at the forefront of their decision making, some of these investments will inevitably mean relocation to a new home – and potentially even a new country. In this three-part series we’ll explore destinations around the world with benefits like residency and citizenship by investment programs, tax incentives, and more, as well as hear from local experts throughout the Sotheby’s International Realty® brand network along the way.
“Investing in the Principality of Andorra is very attractive because it has no industry,” says Andorra Sotheby’s International Realty CEO, Narcís Socías. “We are surrounded by nature with great valleys and lakes to enjoy year-round. Taxation is very low – a maximum of 10% – and it is one of the safest countries in the world.”
“This is a great time to invest in Portugal,” says Miguel Poisson, CEO of Portugal Sotheby’s International Realty. “Despite the best efforts of 2020, this country maintains its distinguishing features: our weather, being recognized as the 3rd safest country in the world, access to five international airports, and attractive tax benefits such as our Golden Visa.”
“Focusing on quality of life has never been more important than it is now,” says Alejandra Vanoli, managing director of VIVA Sotheby’s International Realty in Spain. “Our country offers a strong healthcare system and [arguably] perfect climate. Spain is a popular holiday and second home destination for many investors – one where residential properties deliver robust rental yields. This is especially true in places like Mallorca and Ibiza, where investors can nearly guarantee returns.”